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Strategies & Market Trends : Value Investing

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From: armi	12/14/2010 10:55:13 AM
	Read Replies (4) of 78715

Best Buy is down 10%. Not cheap enough for me. My target is on the low side of 27. Although there's a fair bit to drop to get there, that's a good buy for a company like Best Buy. Even though there's no barrier to entry in this business, there's no way the small computer businesses will steal enough customers away from Best Buy to cause a real dent. I'm sure this problem has been there since Day 1. Only the real computer techies will know that deals better than Best Buy appear elsewhere. What's good? Its the dominant company in this arena. RadioShack is not much of a competitor. The RadioShacks where I live are much smaller and has less customers than a Best Buy. Did I mention Best Buy never decreased its dividend? (Not to say it won't of course) What do you think?

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